BUT, it makes me nervous that a tenant could read the law and push his payments to the 14th without any recourse.

Financing assumptions are a 30 year fixed rate mortgage with 4.25% APR and 20% down payment including rehab cost.

Not saying they won't look at your personal credit or income, but mostly on the properties ability to make payments on the loan.  

@Branden Gabel Many of my clients are investing from out-of-state like yourself and require much promptness as well as reliability on my end to close on deals.

@Clint Miller question is do you have any down payment ?  

The 4.2% rate was the same as the big bank and the down payment was the same, 25%, but the closing costs were next to nothing.  

Reliable and fairly priced.Tell him Ruth with RCB Homes referred you.

I declined the partial payment.

@Justin Turner - you will need to ask the seller if they will take 2nd lien position since you don't have a 50% down payment.  

Class B-/C+ 190k -->~35k down  (includes closing cost)Tenants are there, 625 each unit (allegedly, still need to see leases and payments)... $300 cash flow post 5% vacancy, 10% capex included, PMI deduction, water, tax, and insurance.